With the impending explosion of data it is important to remember to mine it in the most efficient way. With bolt-on data analysis suits like Hadoop I expect that an organization will get much better at processing their their data. I think the name of the data game right now is going to be what companies can figure out how best to leverage the data they currently have. If they can actually leverage it properly now, they may be able to hold quite a competitive advantage when the tsunami of data flows in as predicted.
Another interesting find related to this post is the concept of the “Data Scientist”. IBM’s definition being: “A data scientist represents an evolution from the business or data analyst role. The formal training is similar, with a solid foundation typically in computer science and applications, modeling, statistics, analytics and math. What sets the data scientist apart is strong business acumen, coupled with the ability to communicate findings to both business and IT leaders in a way that can influence how an organization approaches a business challenge. Good data scientists will not just address business problems, they will pick the right problems that have the most value to the organization. ”
Either way you slice it, its looking like with data you either need to get on board or get out of the way.
Data Scientist: http://www-01.ibm.com/software/data/infosphere/data-scientist/
As the internet of things takes off, companies like Ford, MetLife and McLaren are using big data to transform the way consumers interact with their products and the way products interact with consumers. Our Structure Data speakers show how big data permeates a wide array of businesses.
Big data is a lot more than great graphics.
In his first post about the conference, Derrick Harris writes about how big data isn’t just another pretty interface. He points out that data is “about making dumb products smarter, ugly products prettier and taking advantage of major advances in computing.” So while graphics are great, you need to go beyond the pretty pictures and understand what you are looking at and how the analysis can help you make better products, provide better customer service, and become more innovative at your company’s core values.
We are getting adept at mining our “forgotten” data…
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